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PROPERTY INFO
FACTS
- Single Family
- Built In 1987
- Price/Sqft : $209.69
- 2 Days on Market
- MLS # : 6169161
- Updated Date : 12/12/2020 at 19:19
CONSTRUCTION
- Beds : 3
- Floor Size : 1,569 sqft
- Baths : 2 full
Listing Agent
Homesmart
Listing Agent's Description
Superstition mountain views! Custom 1569 sf home features a formal living room, open family room/kitchen is great for entertaining * three bedrooms (split master bedroom) , two bathrooms (second bath recently remodeled) * Large laundry/storage room * The backyard features a wrap around deck to enjoy the views, an above ground spa and firepit * Have toys? You'll love the 19'w x24' l x 9'6''H carport PLUS a two car carport in front, of the 20'x20' garage and 9'x8' workshop *
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PRICE & RENT TRENDS
Zip Code: 85119
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 85119
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,380 |
| EXPENSES | Loan Payment | -$1,214 |
| Property Tax | -$225 | |
| Property Insurance | -$58 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$215
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$329,000
PROJECTED PRICE
$1,380
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 8.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$92,935
LOAN DETAILS
$1,214
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $82,250 |
| Loan Amount | $246,750 |
2.5
YEARS SAVED
$7,448
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,577
COMP ESTIMATED VALUE -
$1.01
COMP AVG. RENT PER SQFT
Comps Range
-
983 N Arroya Road Apache Junction, AZ 1
- 3 beds 2 baths ∙ 1,569 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,569 Sqft ∙ Built 1987
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
475 N Val Vista Road Apache Junction, AZ 2
- 3 beds 2 baths ∙ 1,763 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,763 Sqft ∙ Built 1985
![property image]()
LEASED 02/08/20- Rent
- Rent Per SQFT
- $1,600
- $0.91
-
5121 E 18th Avenue Apache Junction, AZ 3
- 3 beds 2 baths ∙ 1,902 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,902 Sqft ∙ Built 2001
![property image]()
LEASED 03/01/20- Rent
- Rent Per SQFT
- $2,100
- $1.10
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6169161
Last Updated: 12/12/2020
Indicates a property listed by a real estate brokerage other than HomeUnion/Investimate by Mynd. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
